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220M Shiba Inu Burnt In 24 Hours, 565M In A Week, For First Time Less Than 1B Shib Burned Weekly Since Burn Portal Launch

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Shiba Inu Community fails to burn above 1 billion SHIB tokens in a week for the first time since the launch of the SHIB Burn Portal.



Over half a billion Shiba Inu tokens have been incinerated by the Shiba Inu supporters this week and 220.32 million in the past 24 hours.

Shiba Inu Community fails to maintain its streak of burning 1 billion SHIB tokens in a week. For the first time, Shib Army was unable to burn above 1 billion Shiba Inu tokens since 23rd April 2022 i.e., when SHIB Burn Portal was officially launched by the Shiba Inu team in collaboration with RYOSHI Vision, an official partner token of Shiba Inu ecosystem.

SHIB Burn Portal is designed with an aim to verify the real SHIB Burner projects while rewarding them with RYOSHI Vision tokens in exchange. SHIB Burn Portal proves to be a BIG SUCCESS. During the first two months of launch, the community burned over 55 billion SHIB using the portal.

Data from the tracking platform Shibburn shows that over 565.49 Million Shiba Inu tokens have been burned in the past week.

Among prominent SHIB Burners, Travis Johnson’s SHIB Super Store burns the most canine-themed cryptocurrency in a week, whereas 1Cent Token was the second big Shiba Inu burner. ETH SHIBA token manages to take the third spot on the list.

Travis Johnson’s SHIB Super Store Weekly Burn Event:

Travis Johnson’s SHIB Super Store burns the most Shiba Inu tokens in the last 24 hours. Over 61 million tokens have been removed from circulation forever by the individual project.

On Sunday, Travis Johnson’s SHIB Super Store reported that the individual project has incinerated a total of 61,380,463 (61.38M) SHIB tokens in one significant transaction with the help of SHIB Burn Portal.

The new way to burn SHIB.

To burn Shiba Inu, Shib Community has to sign up for a free trial of Audible, a subsidiary of Amazon which offers the world’s largest selection of audiobooks through SHIB Super Store. In return, the SHIB Super Store will earn $5 per signup as a bounty/reward from Amazon. Johnson has promised to use 100% of the revenues earned from these signups to burn Shiba Inu.

1Cent and ETH SHIBA Weekly Burn Event:

1Cent and ETH SHIBA are the two tokens dedicated to burning Shiba Inu tokens. They both have organized this Week Burn Event on the same date i.e., June 20th (Monday), and burned a whopping total of 102,170,994 (102.17M) SHIB in two separate transactions.

1Cent token has sent 52,170,994 (52.17M) SHIB to the “inferno” address, whereas ETH SHIBA has removed exactly 50 million SHIB tokens from circulation forever.

Past 24-Hour Burn:

Besides weekly burns, the Shiba Inu Community has sent a total of 220,329,573 (220.32M) SHIB tokens to the dead wallets through 17 separate transactions in the last 24 hours with the help of the SHIB Burn Portal, Shibburn.com reports.

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Zabi
Zabi
Zabi is crypto enthusiastic with more than 10 years of experience in managing Google News-approved Finance websites. Zabi has a strong background in finance with a thorough understanding of cryptos and a solid grip on the crypto and financial market industry. Along with his passion for crypto writing, Zabi manages his personal stock and finance-related Google News-approved websites.

Disclaimer: The content is for informational purposes only, may include the author's personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

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